Sales in November

Baltika’s consolidated retail sales revenue for November totalled 4,848 thousand euros and increased by 4% compared to November previous year in a situation where the sales area shrunk by 6%.

In the month of November, retail revenue increased by 10% in Baltic region (in Estonia 13%, in Latvia 17%, and in Lithuania 3%). Retail sales revenue in Eastern Europe region remained at the same level as last year (including 8% increase in Ukraine and 5% decrease in Russia).

In the month of November, comparable stores sales (LFL) per square metre increased by 9%. Growth was achieved in all markets: in Estonia (+13%), in Latvia (+14%), in Lithuania (+6%), in Ukraine (+11%) and in Russia (+1%). In local currencies, comparable store sales per square metre increased in Ukraine by 10% and in Russia remained at the same level as in November last year.

Retail sales efficiency (sales/m²) increased in November by 10%.

Wholesale increased in November by 2%.
Baltika’s consolidated sales revenue for November totalled 5,138 thousand euros and increased by 4% compared to November previous year.

At the end of November Baltika Group had 115 stores with a total sales area of 23,111 square metres, 7 stores less than in November 2010.

Consolidated sales revenue for the first eleven months totalled 48,164 thousand euros (+2% yoy), including retail revenues of 45,019 thousand euros (+3% yoy) and wholesale revenues of 2,595 thousand euros (-11% yoy).

Eleven months retail sales efficiency increased by 11%, compared to the same period last year.

Maigi Pärnik
Member of the Management Board
maigi.parnik@baltikagroup.com